Executive Centre #809

(Downtown Honolulu)

1 / 20

Asking Price

$198,000

4.81% price drop
28 days ago

Living

477 sf

Baths

1

Beds

1

Address: 1088 Bishop St
Agency Info

Our office is currently not able to assist you with this property. We recommend you contact the listing agency - BHGRE Advantage Realty

Address: 1088 Bishop St, Honolulu, HI 96813.

About Executive Centre Downtown Honolulu
The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.

In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. As of writing, Aqua runs the hotel operations, from front desk to maid service and everything else.

Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).

Due to the unusual zoning you'll also find other open layouts with larger dimension  ....click here to read more
Description

LEASEHOLD with a long lease until 2053. The only legal vacation rental friendly condo-hotel in the heart of the downtown Honolulu district. This tower suite 1BR/1BA offers floor-to-ceiling glass windows, an efficient floor plan, newly upgraded full kitchen, bath, flooring, and comes fully furnished including an assigned covered parking stall. Enjoy the low floor views of the brilliant colors of city lights and convenient easy access location. Great mix use as rental investment currently generating over $4,000 per month and/or enjoy as a vacation or primary home or simply as a office living suite. Executive Centre is a reputable mixed use condo-hotel/office building conveniently located in short distances to offices, Hawaii Pacific University, eateries, art galleries, night market festivals, chinatown, shopping centers, bus-lines & many more essentials of the downtown Honolulu district. View Photo Gallery & 360 Tour at http://bit.ly/ExecutiveCentre809

Recent Activity
  • Jun 25, 2018 Listed @ $208K
  • Jul 31, 2017 Sold @ $163K
  • Jun 08, 2017 In Escrow
  • May 30, 2017 Back to Active
  • May 03, 2017 In Escrow
  • Mar 02, 2017 Price ↓ $168K
  • Nov 11, 2016 Listed @ $175K
Recently Sold
(Executive Centre)
  • #1216: 1,098 sf @ $275K (7/30/18)
  • #601: 525 sf @ $165K (7/20/18)
  • #2007: 798 sf @ $193K (7/19/18)
  • #312: 525 sf @ $190K (5/7/18)
  • #810: 590 sf @ $355K (5/1/18)
  • #3804: 450 sf @ $210K (4/27/18)
  • #710: 590 sf @ $133K (4/25/18)
  • #3710: 650 sf @ $235K (4/13/18)
  • #2603: 591 sf @ $233K (4/6/18)
  • #2902: 616 sf @ $210K (4/3/18)
More Details
  • HOA Fees / Interior Sf: $1.13
  • Price / Interior Sf: $415
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Sold Furnished: Fully
  • Year Remodeled: 2017
  • Owner, Tax & Resale History: Click here
  • MLS: 201816799
  • Downtown Honolulu Condos Median Listing Price: $399K
  • Downtown Honolulu Condos Median Interior: 798 sf
  • Occupancy Type: Tenant,Vacant
  • Elementary School: Royal
  • Middle School: Central
  • High School: Mckinley
  • View: City
  • Zoning: 34 - BMX-4 Central Business Mix
  • Flood Zone: Zone X
  • Owner Occupancy: 33%
  • Management Company: Aston Hotel
  • Security Features: Key, Security Patrol, Video
  • Amenities: Community Laundry, Exercise Room, Patio/Deck, Pool, Resident Manager, Restaurant, Security Guard, Trash Chute, Whirlpool
  • Inclusions: AC Central, Cable TV, Disposal, Drapes, Kitchenware, Linens, Microwave Hood, Range/Oven, Refrigerator, Smoke Detector
  • TMK: 1-2-1-12-4-88
  • Tax Assessed Land: $28,500
  • Tax Assessed Improvements: $284,900
  • Tax Assessed Total: $313,400
  • Special Sales Terms: None
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 20, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: BHGRE Advantage Realty.
Other Executive Centre Listings
Leasehold
$199,000
Executive Centre #1403
1 Bd | 1 Ba |  591 sf
Leasehold
$219,000
Executive Centre #710
1 Bd | 1 Ba |  590 sf
Leasehold
$228,500
Executive Centre #2211
1 Bd | 1 Ba |  650 sf
Year Remodeled: 2013
Leasehold
$229,000
Executive Centre #203
1 Bd | 1 Ba |  802 sf
Address: 1088 Bishop St, Honolulu, HI 96813.

About Executive Centre Downtown Honolulu
The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.

In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. As of writing, Aqua runs the hotel operations, from front desk to maid service and everything else.

Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).

Due to the unusual zoning you'll also find other open layouts with larger dimension  ....click here to read more
Other Metro Honolulu Condos
Queens Villa #208
1 Bd | 1Ba |  327 sf
Century Center #2601
1 Bd | 2Ba |  1,065 sf
Waikiki Banyan #2701
1 Bd | 1Ba |  533 sf
Five Regents #1202
1 Bd | 1Ba |  350 sf
LeaseholdSold(7/30/18)
$275,000
Executive Centre #1216
1 Bd | 1.5 Ba |  1,098 sf
Ocean view
LeaseholdSold(7/20/18)
$165,000
Executive Centre #601
1 Bd | 1 Ba |  525 sf
Year Remodeled: 2018
LeaseholdSold(7/19/18)
$193,800
Executive Centre #2007
1 Bd | 1 Ba |  798 sf
LeaseholdSold(5/7/18)
$190,000
Executive Centre #312
1 Bd | 1 Ba |  525 sf
Year Remodeled: 2017
Sold(5/1/18)
$355,000
Executive Centre #810
1 Bd | 1 Ba |  590 sf
LeaseholdSold(4/27/18)
$210,000
Executive Centre #3804
1 Bd | 1 Ba |  450 sf
Ocean view
LeaseholdSold(4/25/18)
$133,000
Executive Centre #710
1 Bd | 1 Ba |  590 sf
LeaseholdSold(4/13/18)
$235,723
Executive Centre #3710
1 Bd | 1 Ba |  650 sf
Fully furnished
LeaseholdSold(4/6/18)
$233,743.00
Executive Centre #2603
1 Bd | 1 Ba |  591 sf
Ocean view
LeaseholdSold(4/3/18)
$210,000
Executive Centre #2902
1 Bd | 1 Ba |  616 sf
Ocean view
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 20, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: BHGRE Advantage Realty.
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Leasehold Expiry: 01/31/53
Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
If an owner runs short-term vacation rentals the property is typically classified as Hotel and Resort and the tax is 1.29% of total assessed value. If an owner does not run short-term vacation rentals, but the property is currently classified as Hotel and Resort, it is possible to apply for a re-classification to Residential or Residential A, which may significantly lower the tax rate. Learn more about Oahu property taxes here.
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